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Suppose the demand and supply curves for eggs in the United States are given by the following equations: Qi = 100 20P Q. = 10

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Suppose the demand and supply curves for eggs in the United States are given by the following equations: Qi = 100 20P Q. = 10 + 40P where Qd = millions of dozens of eggs Americans would like to buy each year; Q = millions of dozens of eggs U.S. farms would like to sell each year; and P = price per dozen eggs. a. Fill in the following table: Price (Per Dozen) Quantity Demanded (Q) Quantity Supplied (2.) $ 50 $ 1.00 $ 1.50 $ 2.00 $ 2.50 b. Use the information in the table to find the equilibrium price and quantity. c. Graph the demand and supply curves and identify the equilibrium price and quantity

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